| Balance Sheets | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 1,635,120 | 1,795,719 | 1,854,879 | 1,893,638 |
| Short-term investments (including 50,000 and 15,000 associated with a related party as of september30, 2025 and december31, 2024, respectively) | 701,906 | 1,030,140 | 1,756,026 | 1,578,283 |
| Accounts receivable, net (including 83,616 and 57,909 from a related party as of september30, 2025 and december31, 2024, respectively) | 137,642 | 125,265 | 90,328 | 98,243 |
| Inventory | 981,062 | 713,269 | 471,407 | 506,842 |
| Prepaid expenses | 58,135 | 63,336 | 51,482 | 62,210 |
| Other current assets (including nil and 34,503 associated with a related party as of september30, 2025 and december31, 2024, respectively) | 286,245 | 223,391 | 199,135 | 107,795 |
| Total current assets | 3,800,110 | 3,951,120 | 4,423,257 | 4,247,011 |
| Property, plant and equipment, net | 3,752,065 | 3,568,248 | 3,322,275 | 3,222,098 |
| Right-of-use assets | 227,995 | 235,821 | 230,780 | 220,616 |
| Long-term investments (including nil and 20,000 associated with a related party as of september30, 2025 and december31, 2024, respectively) | 656,249 | 776,677 | 921,588 | 555,521 |
| Other noncurrent assets | 355,199 | 306,095 | 294,500 | 198,277 |
| Investments in equity securities of a related party | 31,420 | 31,117 | 25,569 | 45,660 |
| Total assets | 8,823,038 | 8,869,078 | 9,217,969 | 8,489,183 |
| Accounts payable | 393,029 | 213,656 | 121,298 | 139,187 |
| Accrued compensation | - | - | - | 138,882 |
| Finance lease liabilities, current portion | 81,633 | 8,141 | 6,941 | 6,921 |
| Other current liabilities (including 378,405 and 126,417 associated with related parties as of september30, 2025 and december31, 2024, respectively) | 1,630,322 | 1,312,157 | 1,203,235 | 861,074 |
| Total current liabilities | 2,104,984 | 1,533,954 | 1,331,474 | 1,146,064 |
| Finance lease liabilities, net of current portion | 101,886 | 176,113 | 75,292 | 75,027 |
| Common stock warrant liability | - | 1,331 | 6,653 | 32,819 |
| Long-term debt | 2,040,363 | 2,038,928 | 2,003,461 | 2,000,847 |
| Other long-term liabilities (including 123,043 and 121,136 associated with related parties as of september30, 2025 and december31, 2024, respectively) | 572,091 | 600,321 | 594,922 | 558,525 |
| Derivative liabilities associated with redeemable convertible preferred stock (related party) | 282,625 | 246,250 | 357,725 | 932,025 |
| Total liabilities | 5,101,949 | 4,596,897 | 4,369,527 | 4,745,307 |
| Series ARedeemable Convertible Preferred Stock | 1,109,905 | 1,084,589 | 955,317 | 591,897 |
| Series BRedeemable Convertible Preferred Stock | 810,806 | 780,001 | 709,450 | 468,259 |
| Redeemable convertible preferred stock, (related party) | 1,920,711 | 1,864,590 | 1,664,767 | 1,060,156 |
| Common stock, par value 0.0001 1,500,000,000 shares authorized as of september30, 2025 and december31, 2024 300,000,000 and 303,221,973 shares issued and 310,000,000 and 303,136,190 shares outstanding as of september30, 2025 and december31, 2024, respectively | 32 | 307 | 305 | 234 |
| Additional paid-in capital | 16,604,674 | 16,231,681 | 16,477,601 | 15,206,764 |
| Treasury stock, at cost, 85,783 shares at september30, 2025 and december31, 2024 | 20,716 | 20,716 | 20,716 | 20,716 |
| Accumulated other comprehensive income (loss) | 13,113 | 14,616 | 5,350 | 12,914 |
| Accumulated deficit | -14,796,725 | -13,818,297 | -13,278,865 | -12,515,476 |
| Total stockholders equity | 1,800,378 | 2,407,591 | 3,183,675 | 2,683,720 |
| Total liabilities, redeemable convertible preferred stock and stockholders equity | 8,823,038 | 8,869,078 | 9,217,969 | 8,489,183 |
Lucid Group, Inc. (LCID)
Lucid Group, Inc. (LCID)